Prem Watsa head of Fairfax Financial, in recent news invested a 1 million stake in BlackBerry in a consortium convertible debt deal. He has now increased his own personal stake in the company adding an additional 1290,000 shares of BlackBerry Ltd (NASDAQ:$BBRY). This past week former CEO of RIM, Mike Lazaridis sold his shares off […]
As I sit here and type this article, I am watching How the Grinch Stole Christmas with my family I received a BBM from a good friend informing me that former BlackBerry Co-CEO Mike Lazaridis had sold off 3.5 million shares in BlackBerry since Monday. The sale of the shares are said to be worth $26 million […]
If you have yet to hear the official announcement today BlackBerry (NASDAQ:BBRY) (TSX: BB) has signed a letter of intent to be sold under a consortium by Fairfax Financial Holdings Limited. The buyout purchase price of 4.7 Billion dollars and per share will be 9$. As of current time with the markets already closed for the […]
The Guardian is reporting that “Canada’s Warren Buffet”, Prem Watsa is now the leading bidder for BlackBerry! Just a few days ago Prem Watsa resigned from BlackBerry’s Board of Directors and most saw this as a move to take BlackBerry private. This move does not seem to out of the ordinary at all, back in […]
BlackBerry today announced that the Company’s Board of Directors has formed a Special Committee to explore strategic alternatives to enhance value and increase scale in order to accelerate BlackBerry 10 deployment. With the announcement of the Special Committee, Prem Watsa, Chairman and CEO of Fairfax Financial informed the Company that he felt it was appropriate […]
CNBC held a Squawk Box Money Madness Stock Tournament, pinning 16 stocks against each other. They had polls every day and asked “Which stock will have the best gains from the start of the second quarter to the end of the year?” This tournament started 3 weeks ago, and the final two at the showdown […]
Ehud Gelblum, who works as a managing director of technology at Morgan Stanley, is increasing his previous stock target for BBRY. Originally his prediction was $10 and he has changed it to $22. He said “the new BlackBerry 10 smartphone lineup will boost profit margins.”
BlackBerry maker Research In Motion Ltd (NASDAQ:BBRY) shares jumped more than 3.3% to $14.93 on Wednesday afternoon and still are climbing at this point, after BlackBerry announced that an unnamed partner has placed an order for 1 million BlackBerry 10 smartphones. The shipments of this one million will begin immediately. BlackBerry stated that BlackBerry Z10 is now […]
This shouldn’t come to any surprise but RIM has gained 11% in share price in a one year total under the reigns of Thorsten Heins. On the Toronto Stock Exchange (TSE:RIM) price close to $16 closing today at $17.41 gives RIM a 11% turnaround.Since Heins took over RIM one year to the date, January 21, RIM’s markets has […]
Being a stock holder of Research In Motion Ltd (NASDAQ: RIMM) I pay particular attention to the stock rating and price, especially with the release of BlackBerry 10 just around the bend on January 30! What is astonishing however is the stock has doubled and jumped up to $15.04 and closing just under. I am enjoying all […]
Continually upset with the inaccuracies around RIM, an author over at Guru focus has put up 2 articles the most recent laying out the math behind a truer valuation of RIM as it stands at the gates of BlackBerry10. Posted back in July ‘Time to Buy Research in Motion‘ and closing out his latest article today stating, “Even […]
Wall Street and Bay Street analysts are showing higher confidence levels in RIM recently. Over the last couple of days there have been some promising developments with the RIM stock. Byron Capital is a small firm out of Canada who packs a large punch for an smaller firm. Tom Astle, their head of research, has […]
RIM has climbed 70 percent since Sept. 24, when the most recent rally began. Donald Yacktman, whose $19 billion mutual-fund firm has outperformed peers by picking undervalued stocks, is leading a rush of investors betting Research In Motion Ltd. (RIM) and its BlackBerry smartphone can recover. Yacktman Asset Management bought 12.2 million RIM shares last quarter, doubling […]
Another goodie from Forbes written up by Eric Jackson: “As Peter Misek of Jefferies said last week, RIM’s stock is either going to zero or $43. However, Misek gives the $43 option only a 20 – 30% probability. I think it’s much higher, like 70%. Therefore, I think $40 a year from now is very […]
Yesterday we told you about RIM’s stock rising 12%. Trading Floor.com has an tech analyst who has weighed in on BB10′s chance of success. Read on to see what he has to say.
I bought 300$ worth of shares in RIMM back when stock was below 6 dollars. Today it’s floating with just under 9 dollars. And it’s been up in the low 9s recently. Which for me means even without BlackBerry 10 I’ve nearly doubled my investment. And when BB10 does release I can bet my investment […]
With January being only two months away, and RIM not saying anything about the BB10 launch, some experts are saying that March is when it will probably happen. With the evidence presented, it seems like an accurate assumption. hit the break for the article!
Back on July 4th CEO Prem Watsa of Fairfax Financial Holdings Ltd has reportedly doubled the investment in Research In Motion from owning just 5.12% to almost 10%. After Jim Balsillie and Mike Lazaridis left the RIM Prem Watsa join the board in January.
As you can see from the image RIM’s stock record for the last 5 years has not been a pretty sight. As much as I hate to report this information we need to show everything that has to do with RIM not just the positive aspects of the business. I believe that RIM can pull […]
Prem Watsa who is already a Board Member at RIM and the CEO of Fairfax Financial Holdings Ltd ( and other companies) just purchased 6,499,500 shares of RIM on Wednesday and an additional 7,550,700 on Thursday. This is great news considering the CEO shake up of earlier this week.